Ms. Natasha Dixon reports

MINK VENTURES CORPORATION RECEIVES NEW AIRBORNE VTEM DATA ON WARREN NI CU CO PROJECT; EIGHT, NEW, HIGH PRIORITY DRILL TARGETS IDENTIFIED

Mink Ventures Corp. has received all preliminary airborne electromagnetic (VTEM) survey data for its Warren nickel-copper-cobalt project, located approximately 35 kilometres (km) west of Timmins, Ont. Eight, new high-priority drill targets have been identified.

The presence of nickel, copper and cobalt mineralization within a massive sulphide zone in the recent 2026 drilling on the A zone at Warren supports the potential for the deposition of larger magmatic sulphide zones across the property.

The recently acquired airborne data cover the western portion of the property where VTEM coverage was incomplete. VTEM can penetrate up to 500 metres and can better define potential massive sulphide mineralization targets similar to the mineralized zone intersected on the A zone. Recent drilling at A zone returned 7.1 metres of 0.44 per cent nickel (Ni), 0.28 per cent copper (Cu) and 0.06 per cent cobalt (Co), including a higher-grade intercept of four metres of 0.58 per cent Ni, 0.18 per cent Cu and 0.08 per cent Co.

VTEM program highlights:

• The recent VTEM survey shows a distinct correlation with the ground induced polarization (IP) survey and known mineralized surface occurrences.
• A Maxwell Plate interpretation of the new VTEM data was also completed. These data were incorporated and reviewed with historic drill data and known mineralized surface zones.
• Eight new high-priority VTEM anomalies were identified and warrant drill testing.
• A total of 1,250 metres of drilling was recommended to test these new target areas.
• Several distinct VTEM responses were identified along strike or proximal to known occurrences, such as the D zone and North zone. Mink drill hole W26-17A on the D zone returned a 2.5-metre intercept of massive sulphide with 0.35 per cent Ni, 0.14 per cent Cu and 0.06 per cent Co, and North zone surface sampling in massive sulphide returned 0.967 per cent Ni and 0.07 per cent Co. Two drill holes have been recommended to evaluate two new untested VTEM targets in close proximity to this known mineralization.
• Further, a strong VTEM response with 400 metres of strike length is associated with and proximal to historical drill hole ML1, which returned 0.84 per cent Cu over a 4.3-metre interval. This mineralization is hosted in a felsic volcanic package, an environment with potential to host copper zinc volcanogenic massive sulphide (VMS) deposits. The volcanic package hosting drill hole ML1 mineralization lies along the western flank of the Kamiskotia gabbro complex (KGC), which hosts magmatic nickel sulphide zones intersected in Mink's recent drilling. Three drill holes (550 metres) have been proposed to test three untested, new VTEM targets in close proximity to this historical hole ML1.
• Ground truthing of two VTEM targets east of the current survey area within the KGC was completed in 2025. These two targets were covered in muskeg with no outcrop exposure noted. The Maxwell Plate study of these two targets recommended 420 metres of drilling to test for nickel-copper-bearing magmatic nickel sulphide. These targets are fully permitted and it is anticipated that these drill targets will be tested during the summer of 2026.

Natasha Dixon, chief executive officer, commented: "The new VTEM geophysical data and Maxwell Plate analysis completes coverage over the western portion of our 11 square km property. The survey data identified eight, brand-new, high-priority drill targets that are fully permitted and drill ready, and enables our team to best direct the focus of our next exploration and drill campaign at Warren."

Warren property geology

Mink's Warren project is hosted within the Kamiskotia gabbro complex (KGC) and is thought to be broadly equivalent to the Montcalm gabbro complex (MGC) but separated by a granitic arch. The MGC hosts the former Montcalm mine, which produced approximately 3.93 million tonnes grading 1.25 per cent Ni, 0.67 per cent Cu and 0.05 per cent Co (OGS, B. Atkinson, 2010).

Gabbro complexes such as MGC and KGC are known to be prospective for magmatic nickel-copper sulphide deposition as demonstrated by the Montcalm mine, located within the MGC. The Warren property complements Mink's Montcalm property due to the distinctly similar prospective geological environments found in the MGC and the KGC, as well as the presence of significant Cu-Ni zones on the Warren property.

The Warren property hosts a felsic volcanic package along the western edge of the KGC with some significant copper mineralization. This volcanic package represents a second target area of interest with potential to host copper-zinc volcanogenic massive sulphide (VMS) deposits. It should be noted that the Timmins mining camp hosts one of the largest Cu-Zn volcanogenic massive sulphide deposits in Canada, namely Glencore's Kidd Creek mine, which has been in production for well over half a century.

Qualified person

Kevin Filo, PGeo (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo approved the technical data disclosed in this news release. Mr. Filo is an officer and director of the company.

For additional technical detail please see Mink Ventures' news releases dated March 11, 2026, and Sept. 4, 2024.

About Mink Ventures Corp.

Mink Ventures is a Canadian mineral exploration company exploring for critical minerals in Ontario, Canada. It has a prospective, nickel-copper-cobalt exploration portfolio, with its Montcalm project, which now covers approximately 100 square km adjacent to Glencore's former Montcalm mine with historical production of 3.93 million tonnes of ore grading 1.25 per cent Ni, 0.67 per cent Cu and 0.051 per cent Co (Ontario Geological Survey, Atkinson, 2010), as well as the expanded 11 square km Warren project. These complementary nickel-copper-cobalt projects have excellent access and infrastructure and are in close proximity to the Timmins mining camp. The company has 33,606,719 common shares outstanding.

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